Payday Loans in Docena, Alabama

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Docena, AL. Consider companies in other cities:

Company nameAddressZip codePhone number
Complete Cash 2211 Woodward Ave, Muscle Shoals, AL 35661 +1 (256) 383 - 5838
Title Cash 72 Green Springs Hwy, Homewood, AL 35209 +1 (205) 942 - 7841
Security Finance 1714 Cogswell Ave, Pell City, AL 35125 +1 (205) 338 - 3501
Advance America 2535 Hwy 78 E, Jasper, AL 35501 +1 (205) 384 - 1379
Tower Loan 2101 F, US-98, Daphne, AL 36526 +1 (251) 316 - 5990
Regions Bank 1116 Douglas Ave, Brewton, AL 36426 +1 (251) 212 - 6310
Fast Cash 636 US-278, Piedmont, AL 36272
1st Franklin Financial 11227 Al Hwy 157, Suite J, Moulton, AL 35650
Speedee Cash 3610 US-431, Phenix City, AL 36867 +1 (334) 448 - 1155
First State Bank of the South 1836 US-43, Winfield, AL 35594 +1 (205) 487 - 8888

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Docena, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gadsden, AL, Emergency Loan in Homewood, AL, 24-Hour Loan in Hoover, AL, Online Loans in Huntsville, AL, Payday Loan Without a Credit Check in Jasper, AL, Payday Loans in Madison, AL, Payday Loans in Mobile, AL and Quick Loan in Montgomery, AL. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Docena, AL.

Are Payday Loans Legal In Docena, Alabama?

Loan Rates and Fees, Laws and Regulations in Alabama.

Alabama Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)456
Maximum Loan Amount$500
Minimum Loan Term10 days
Maximum Loan Term31 days
Number of Rollovers Allowed1
Finance Charges17.5% of the amount advanced

Docena, AL payday loan calculator

Payday Loans in Docena, Alabama: What You Need to Know

Payday loans are an option for those who need cash fast and have nowhere else to turn. If you live in Docena, Alabama, you may be wondering what your options are for a payday loan. In this article, we’ll explore what payday loans are, how they work in Alabama, and what you should consider before taking one out.

What are Payday Loans?

Payday loans are short-term loans designed to be repaid quickly, typically within two weeks to a month. They are typically for a small amount, often less than $500. Payday loans are intended to be a stopgap for people who need money quickly to cover an emergency or unexpected expense.

Payday loans typically have high-interest rates and fees, making them an expensive option for borrowers. However, they can be a lifeline for those who have poor credit or can’t access traditional loans.

Payday Loans in Alabama

In Alabama, payday loans are legal, but there are regulations in place to protect borrowers. The Alabama State Banking Department regulates payday lenders in the state, and all lenders must be licensed with the department. Lenders can charge up to 17.5% interest on a payday loan, which works out to an annual percentage rate (APR) of 456%. Lenders can charge up to $17.50 in fees for every $100 borrowed. The maximum loan amount is $500, and borrowers must have a minimum of 10 days to repay the loan.

It’s important to note that Alabama law does not allow for rollovers or extensions of a payday loan. If you can’t repay the loan on time, you may be subject to additional fees and charges.

What to Consider Before Taking Out a Payday Loan

Before taking out a payday loan in Docena, Alabama, it’s essential to consider the following:

  • Interest Rates and Fees: Payday loans have high-interest rates and fees. Make sure you understand the full cost of the loan before you accept it.
  • Borrow Only What You Need: Only borrow what you need, and make sure you can repay the loan on time.
  • Explore Other Options: Consider other options for accessing cash, such as borrowing from friends or family, using a credit card, or taking out a personal loan from a bank or credit union.
  • Beware of Scams: Be wary of lenders who offer guaranteed approval or ask for upfront fees. Only work with licensed lenders who abide by Alabama state law.

It’s also important to remember that payday loans are not a long-term solution for financial problems. If you find yourself relying on payday loans regularly, it may be time to seek help from a financial advisor or credit counseling service.

Interesting Facts and Statistics About Payday Loans in Docena, Alabama

  • Alabama has one of the highest concentrations of payday lenders in the country, with over 1,000 stores statewide.
  • The average payday loan in Alabama is for $300 and has a 400% APR.
  • According to a study by the Center for Responsible Lending, Alabama payday borrowers are four times more likely to file for bankruptcy than those who don’t use payday loans.

TheGuaranteedLoans: Apply Now

If you’re considering a payday loan in Docena, Alabama, TheGuaranteedLoans can help connect you with potential lenders. Fill out our online application to get started. Remember, we are a connector service, not a direct lender. We’ll help facilitate the connection between you and potential lenders so you can get the cash you need.

However, it’s essential to remember that payday loans are an expensive option and should only be used as a last resort. Make sure you understand the full terms of the loan and have a plan to repay it before you accept the loan.

Conclusion

Payday loans in Docena, Alabama, are legal, but they come with high interest rates and fees. If you’re considering a payday loan, make sure you understand the full cost of the loan, only borrow what you need, and have a plan to repay the loan on time. Remember, payday loans are a stopgap and should not be relied on regularly.

At TheGuaranteedLoans, we’re here to help connect you with potential lenders. Fill out our online application to get started, and we’ll work to facilitate the connection so you can get the cash you need.

F.A.Q.

How do I qualify for a payday loan in Docena, Alabama?

To qualify for a payday loan in Docena, Alabama, you must be at least 18 years old, have a valid government-issued ID, and have a regular source of income. Additionally, you must have an active checking account in your name to receive the loan funds.

How do I apply for a payday loan in Docena, Alabama?

To apply for a payday loan in Docena, Alabama, you can visit a payday lending store in person or apply online. In either case, you will need to provide the lender with some basic personal and financial information, including your name, address, income, and checking account information.